Overview of Palace Road Area, Bangalore

Location and Accessibility

Palace Road, situated centrally in Bangalore, boasts a prime and strategic location. This area is near key landmarks like Mantri Square Mall, Hotel Rathanam International, Ramakrishna Nursing Home, and Sankey Road, making it accessible and attractive for both residential and commercial use.

Property Types and Pricing

Apartments and Flats

• A broad array of apartments is on offer here, including 1 BHK, 2 BHK, 3 BHK, and 4 BHK options.
• Prices differ considerably. A semi-furnished 3 BHK apartment starts around ₹2 Cr while fully furnished 4 BHK units go up to ₹5.50 Cr and sometimes even more.

Independent Houses and Villas

• We also find independent houses and luxurious villas, available in configurations from 2 BHK to expansive 6 BHK and beyond.
• The prices span from ₹94 Lac for a 2 BHK house to ₹7.84 Cr and ₹10.92 Cr for bigger, more deluxe properties.

Land and Plots

• Residential plots are available for purchase, priced at ₹4.20 Cr for a 1400 sq-ft parcel, accommodating up to 4 floors.

Amenities and Facilities

• Many properties feature modern and necessary amenities, like modular kitchens, high-quality ceramic tile flooring, and lots of parking spots.
• Numerous properties have approval from local authorities such as the BBMP, ensuring they’re secure investments.

Rental Market

• Choices for renting include furnished and semi-furnished units.
• Rent costs range from ₹60,000 to ₹1.6 Lac monthly, for both apartments and independent houses. Average rent is ₹41 to ₹54 per sq.ft.

Price Trends and Appreciation

• The average cost per square foot for flat properties in Palace Road was ₹20,400 as per recent figures.
• The area has exhibited stable to slightly rising prices, making it a good spot for long-term investment.

Key Landmarks and Proximity

• Landmarks nearby include Masjid e Sumaiya, Hotel Rathanam International, Ramakrishna Nursing Home, and Sankey Road.
• The area is perfectly connected to hospitals, schools, parks, supermarkets, malls, metro stations, and bus stops, enhancing its livability.

PropertyWala's Conclusion

To wrap it up, Palace Road, Bangalore, features a variety of real estate suited to different budgets and needs. Its prime location, proximity to key landmarks, and modern amenities make it appealing for both buyers and renters. Whether seeking a luxurious house or a cozy apartment, Palace Road promises a unique lifestyle with strong long-term appreciation. This area stands out for those valuing convenience, high-quality living, and a central city location.